I was at a networking event last night and, unsurprisingly, the conversation turned to work and the recession.

An old friend told us that she was stressed out and that she now does her job and the jobs of those who've gotten laid off.  A feeling of doom and gloom now permeates her office. Someone else dismissed her and said "Hey, at least you still have a job!"  That little phrase has become all too common today.

We think that the ones who have stayed are the lucky ones: people who still have an income and can maintain their lifestyle.  But the truth is not as rosy when we look closely. Some people get tough when the tough gets going, but many others are suffering from what is called post-downsizing stress-syndrome. Typical symptoms include: irritability, trouble concentrating at work, health-problems, feelings of mistrust, absenteeism and hopelessness. 

Even more worrisome for corporations: a survey published in December by the Institute for Corporate Productivity claimed that theft in the workplace had actually risen by 18%. So, if your employees feel stressed, abandoned and swamped with more work than ever, there is a good chance that they'll leave when the economy picks up.

What can you do to prevent this? For starters, you have to show that you care about the employees that you want to retain as much as you care about those who've left. A few things to keep in mind:

-          Communication is a must, so acknowledge what your employees are going through;
-          Keep them informed with newsletters, blogs and/or meetings;
-          Have them feel involved by including them in the design of new management practices;
-          Encourage teamwork and collaboration to avoid a dog-eat-dog attitude; and
-          Invest in their development with training or a coach

What will be the result of this counter-attack? It will result in happier and more committed employees who will be more efficient and help you navigate through these white-water times with success.

Share your story with us: How are you battling the survival blues?

Written by Adriana Roche